Pedego Named Number 1 Electric Bike Brand by Navigant Research

July 11, 2016

Second Largest Unit Seller in Electric Bikes in the United States

FOUNTAIN VALLEY, Calif., July 12, 2016 — Pedego® Electric Bikes was named the Number 1 electric bike brand sold in the United States and the second largest unit seller in the United States, according to a new report from Navigant Research.

According to Navigant, electric bicycles are the highest-selling electric vehicle on the planet, with nearly 35 million unit sales forecast worldwide for 2016. In North America, electric bikes are hitting the big-time with 152,000 units expected to be sold in 2016.

Pedego was founded in 2008 with a bike design on a cocktail napkin by DiCostanzo and his best friend Terry Sherry, CFO, who wanted to ride bikes but hated hills and headwinds. Pedego has grown an average of 46 percent for the past four years (2012–2015). In addition to its 83 branded stores, Pedego bikes are sold in hundreds of independent bike shops worldwide and is the choice of leading tour companies including Dylan’s Tours.

Click here for Navigant’s overview on Pedego and an executive summary of the report.